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. >>> a note was left by the suspected shooter that killed two firefighters in new york. more on details of the person already convicted of murder. >> reporter: police say this christmas eve ambush of four volunteer firefighters attacked as they arrived to battle a massive fire in new york. >> it was a raging inferno out there. >> reporter: it was spelled out in typewritten detail. >> quote i still have to get ready to see how much of the neighborhood i can burn down and do what i like doing best, killing people. >> reporter: authorities say 62-year-old william spengler, who served prison time for killing his grandmother more than 30 years ago shot at first responders who arrived at his burning house, the fire spread to six other homes. >> we are being shot at. multiple firemen down. i am shot. ease using an assault rifle. >> he was equipped to go to war killing innocent people. >> reporter: the gunman was well fortified. . .38 caliber handgun, 12 gauge shotgun and bushmaster 23 rifle, the same used in the connecticut school shooting. two firefighters were killed and two others hospitali
platform. "the new york post" cover that has the paper in hot water this morning. >> plus we have the 911 tapes and the alleged murder/suicide involving kansas city chiefs play er javon belcher. >>> and there's no plan to keep us from going over the fiscal cliff. broken record, broken record. i'm christine romans in today for john berman. >> and i'm zoraida sambolin. >>> up first, president obama standing his ground over the fight in the fiscal cliff. americans face crushing tax hikes and severe spending cuts in 27 days if democrats and republicans cannot come together on a deal. by the way, congress breaks for the holidays in ten days. slash that number. in an interview with bloomberg news, the president made it crystal clear he's not about to blink on the issue of tax hikes for the wealthiest americans. >> we'll have to see the rates on the top 2% go up. and we're not going to be able to get a deal without it. >> white house correspondent dan lothian joins us live from washington this morning. very nice to see you, dan. >> good to see you. >> here's the deal. we have republicans pitted
forward hearing from both men later in the program. as for the deal itself, if you're a new york stock exchange shareholder, mr. spreker built this account the past decade. 36% of the combined company will be controlled by current new york stock exchange shareholders. you get a premium. also an opportunity to participate in the continued growth of what will be a trading ba he months. they trade stocks. energy, interest rates, commodities, agriculture, that's what it's bat. global platform for the trading in so many different asset classes, particularly as it relates to derivatives, putting these two companies together this way. cost synergy is very important. $450 million what they are looking for. say that will take place after the second full year, realizing all of them but almost 80% within two years of closing. that's related to technology savings. clearing duplicate expenses, one public company instead of two save money. there are going to be some job losses one would anticipate here as well. women see how ice shares do today, of course, a growth company, so in growth shareholder
. my partner sue at the new york stock exchange. my partner sue with big interviewes this hour. >> that's right, ty. i spent the afternoon at blackrock's trading room and i got their outlooks for 2013. you will see it first here on cnbc. >>> here are investment take aways. fixed income. they feel there is danger in what many people consider a safe play. commodities, they have a long view there in many of those sectors. equities is kind of a global shorg an board, if you will. but they like the u.s. best. and in currencies, blackrock is all about being a dollar bull. so where specifically are they putting all that money to work in light of fiscal cliff? take a listen to what bla blackrock's robert casid 0 to me. he manages the firm's $3.7 trillion in assets. >> does this mean we good over the fiscal cliff. >> it is a very high likelihood it does or 11:59 on december 31st with a lot of hoopla. but tax rate are going to go up. there is a going to be a conclusion to this. even if it waits until the last minute. even if it is in january, what it is going to mean is slow growth. it may mean t
border. >>> new york's democratic governor andrew cuomo, a potential candidate in 2016 will not say whether he would endorse hillary clinton. he says that's a long way away and she hasn't decided if she will run. >>> if u.n. ambassador susan rice is nominated for secretary of state to replace hillary clinton, senator john mccain said he will be part of theirings. >>> conservative glenn beck is now joining republicans who support gay marriage. he said, quote, it's not whether they should be married or not. the question is why is the government involved in our marriage. >>> former house majority leader dick armey talking on cbs talking about the 2012 election said, quote, we had a lot of candidates, quite frankly, that did dumb things out there. >>> the republican national committee is planning an autopsy on the campaign to exam what worked and what didn't work in 2012. >>> a new politico poll finds that romney supported him by 47% and 650% put romney on their night list. >>> meanwhile the president and his family got in the spirit at the christmas concert with diana ross and koenen o
. >>> first, let's get to the news here in new york city. five days out from christmas, 12 days away from the fiscal cliff deadline that could potentially cripple the economy. house republicans are expected to vote on plan "b." that's speaker john boehner's safety net proposal that would maintain bush era tax rates for everyone making a million dollars or less. >> about providing and working with us on a balanced approach. tomorrow the house will pass legislation to make permanent tax relief for nearly every american. 99.81% of the american people. then the president will have a decision to make. he can call on senate democrats to pass that bill or he can be responsible for the largest tax increase in american history. >> well, president obama has threatened to veto boehner's measure and he said republicans need to drop any personal grudges they might have to do what's best for the country. >> they keep on finding ways to say no as opposed to finding ways to say yes. and i don't know how much of that just has to do with, you know, it is very hard for them to say yes to me. but, you know,
this weekend. >> the new york city's children's chorus opened the show singing "silent night." ♪ silent night holy night ♪ ♪ all is calm all is bright ♪ ♪ round yon virgin mother and child ♪ >>> and coming up, a cnn exclusive. we're going to hear from the family of the sandy hook elementary principal who lost her life trying to confront a killer. [ female announcer ] born from the naturally sweet monk fruit, something this delicious could only come from nature. now from the maker of splenda sweeteners, discover nectresse. the only 100% natural, no-calorie sweetener made from the goodness of fruit. the rich, sweet taste of sugar. nothing artificial. ♪ it's all that sweet ever needs to be. new nectresse. sweetness naturally. i get congested. but now, with zyrtec-d®, i have the proven allergy relief of zyrtec®, plus a powerful decongestant. zyrtec-d® lets me breath freer, so i can love the air. [ male announcer ] zyrtec-d®. behind the pharmacy counter. no prescription needed. >>> welcome back to this special edition of "early start" this morning from newtown, connecticut. she was
morning, everyone. welcome to "early start." i'm john berman here in new york. >> and i'm zoraida sambolin, live in newtown, connecticut. we'll be bringing you the very late ef on the investigation as john said, the children are starting school as well with an increased police presence, will it be enough for the parents and of course we have another funeral we are following this morning for you as well. john? >> another beautiful young child we buried up there, four days after the school massacre that numbed the entire nation. this is the latest. this unspeakable tragedy is reigniting the gun control debate all over the country. president already taking steps to ban assault rifles with his vice president leading the charge. plus, this brand new overnight, dick's sporting goods has banned the sale of ar-15 rifles and other guns like it for now. the modern sporting rifle section of its website, totally blank this morning. the company releasing a statement saying, quote, out of respect for the victims and their families we have removed all guns in our store nearest to newtown and suspended th
and new england as well and in the big town of new york city. too shy ofg. 10 shy in maine . portions of the northern plains. there goes my ride . 50s in dixie land and portions of the gulf coast. i am glad you asked. next map shows you on thursday. almost 60 in kansasy city. temperatures in the cents in texas and gulf coast down through florida. 42 will be the high temperature here in new york city. smeeking of new york city. live on our plasa. we did this last year and they are back again. say hello to reverend rob shank with faith and action. we have a live nativity scene. >> you do. it is the same one that played out in front of the united states can supreme court. we are sending a powerful message to washington d.c. and doing it here in new york. >> steve: what are the thrings. >> how was the reception. >> it was very good. people streamed out of all of the federal buildings and we get idea that supreme court justices get a glimpse of we have stantial rights and that includes faith and freedom of speech and assembly. while this is the real reason for the season, we have to exerci
for the new york giants. top pick. he set an all-time record . 52-twen was the final. go to ben roethlisberger, coming off of injury. big catch. mike wallace no realationn to chris. the chargers go on to win 34-24. that's what happened with the sports. big upset with the vikings and home of the bears. >> steve:-> chris wallace did you watch his power player, his dog. what a moving tribute. winston. what a life that had . a hole in their heart now he passed. >> gretchen: sorry i missed it. on a lighter note. what do airline workers think about the rest of us . have you ever done this to a flight attendant. apparently they do that when they want the flight attendant's attention. that is hated happen when people fly and are rude. 92 they looked and talked to 700 airline employees in 85 country, hey, i could use a coke over here . people trying to get off of the plane before the pilot gives the okay . stuffing too much in the overhead and charging to checked bags. you can understand it. on both sides of the aisle. >> brian: what bothers me, people ame as i am waiting in the back in the head. reall
, it's a rain maker for new york, philadelphia and washington, but then that moves out by tomorrow afternoon. >> just so i make it home to see mom. >> you'll get there. >> i hope so. thanks, alexandra. >>> two state department officials employees of hillary clinton are testifying right now before the house and senate committees after that blistering report on exactly what went wrong in benghazi, the committee headed by thomas pickering and admiral mike mullen. admiral mullen had this to say. >> while we did not find that any individual u.s. government employee engaged in willful misconduct or knowingly ignored his or her responsibilities, we did conclude that certain state department bureau level senior officials in critical positions of authority and responsibility in washington demonstrated a lack of leadership and management ability appropriate for senior ranks in their responses to security concerns posed by the special mission. >> a total of four senior state department officials have either resigned or placed on administrative leave in the wake of this report but what about s
package for victims of super storm sandy. and now more than 125 leading ceos in new york urging lawmakers to approve this thing. among them, top executives from time warner, bloomberg, morgan stanley and the nba. joining governors from new york, new jersey, and connecticut asking congress to get it done before they break for the holidays. they say it's already taken congress too long to act in the aftermath in the disaster. president george h.w. bush should be able to celebrate christmas at home with his family. mr. bush, who is 88 years old, has spent nearly three weeks in the hospital in texas where doctors have been treating him for a cough related to bronchitis. a hospital spokesperson saying our nation's 41st president is improving and doctors do expect him to be able to it go home by the holiday. the syrian government's biggest ally now admitting the civil war raging there may well doom the regime. hear how u.s. officials are responding. and as the investigation continues into the plane crash that killed pop star jenny rivera there is word tonight two police officers are under arres
downwind of one of the great lakes. that lake effect snow will kick into gear. new york, a messy, messy start to your day. philadelphia as well. all up and down the i-5 corridor where it's a bit of a mix. winter storm watches and advisories are posted. the i-95 corridor will be mostly in the form of rain today. big travel day, obviously, for the holidays. it's going to put the brakes on chicago, new york, boston, all the northeast airports. >> as lots of people are trying to travel in and out. thank you so much. joining us to talk about the conditions in chicago is carmen assula from the illinois department of transportation. good morning. >> good morning. >> let's talk about the conditions right now. what's the situation there? >> right now the temperatures are under freezing, so we're watching for freeze back conditions, the fact that the temperatures didn't decline until after midnight helped out a lot with the snowfall. there was less accumulation. there is blowing and drifting in the outlying areas. chicago expressways are still wet, and people need to be cautious as freeze back wi
front will push out pretty quickly. by today around 9:00 a.m. moving nort new york city and by 3 p. mchl the bulk of the rainfall will be in new england and the snow. we will see the leftover snow across the great lakes. in some cases we could see a foot of snow. by saturday and sunday out of here but ladies so man fee people are trav-- many people a travelling it will be a trying day on the roadways and airport. people may have to delay travel plans for the weekend. >> what a mess. >> want folks to be careful while they are traveling especially driving. >> it is time for the 5@5:00. we begin with another developing story. one of the two bank robbers we told you about, one of them has been busted. police just arresting 37-year-old joseph banks. we are waiting to get details about where this guy was caught. you remember the story banks and kenneth connelly broke out of prison by tieing bed sheets together and scurrying down nearly 20 stories until they got to freedom. >> today marks one week since the massacre at newtown. at 9:30 president obama holds a moment of silence at the white hous
terminal in new york city. every day, 700,000 people pass through here which means that superdogs like holland have a very important job to do especially in a post 9/11 world. here is what it takes to become a four legged hero he. ♪ ♪ >> before they could do this, they all start out like this. fox files cameras got a first-hand look at the department of defense military working dog program at lackland air force base where puppies learn to become warriors. spread across nearly 9,000-acres in san antonio, texas, the base is home to the 341st training squadron. >> the purpose is to procure, train and produce handlers and dogs. >> casey stevens is chief of the dog training school at lackland. >> i love to see them evolve from knowing nothing to being able to do everything that they do overseas and in law enforcement. we say zero to hero in 120 days. >> the wags arrive for training. >> the four legged heros have a long and storied his tore arery of serving on the battlefield. during world war ii the military officially began training dogs to fight and k-9 and handler teams continue to t
with the new york philharmonic and inspired composers like philip black. he was nominated for a score for the movie "gandhi." he had undergone surgery for respiratory infections in the fall before being nominated for another grammy. he is survived by two daughters, including singer norah jones. ravi shankar 92 years old. >>> let me know why you're awake. shoot me an e-mail or tweet me @billkarins. we'll read the best responses later in the show. >>> but still ahead, the battle for new york. carmelo anthony lights up the court. this was in brooklyn and it was payback time against the knicks. highlights in a thrilling finish in sports. >>> and this is a good one, jon stewart channels rapper eminem, coming up with rhymes for the michigan protest. that and a check on weather when "way too early" comes right back. >>> she spoke in court for the first time since the trial began. sobbing, she asked the judge for mercy, saying she was ashamed and living a nightmare. the judge was not persuaded. he told hemsley she was a product of greed and was at the ape yej of a period of wrongdoing. the se
early this morning. that bralanedwars acquired by the new york jets had a ham string. >> steve: joel is america's biggest jet's fan. >> gretchen: that is insider information. >> brian: he had a bounce in the step. >> gretchen: luckily i know who that is. should we kick off the show with headlines. we now know the identity of the shooter in the mall . he had no history of trouble but his ex-girlfriend said he quit his job in the derks li and sold all of his belongings and bought a ticket to hawaii. >> she wishes to express shock and grief the events in the shopping she has no explanation or understanding of her son's behavior. >> ros killed a 54 year old nurse and 45 year old father of two, steven forsyth. a 15 year old was seriously injured . robertson took his own life. late last night john fee -- macfee arrived in the united states. >> this morning i was in jail and today here i am. i am not worried at all. if i am in front of a court they will not send me back. they have no evidence . >> gretchen: macfee is wanted in the country of bealize for the murder of his neighbor. we'll hea
-kahn has settled a civil suit filed by a new york city hotel maid accuwho accused him various items. criminal charges against him were dropped. >>> the state of hawaii is no longer 50th in voter turnout. it's tied for 49th with west virginia. this time around, they've got company at the bottom. both west virginia and hawaii tenned out 44.2% of its voters in 2012. >>> the duke of cambridge decided to cancel a scheduled appearance at a military event to be with his pregnant wife. katherine has been battling acute morning sickness. they are supposeded to attend the royal premiere of "the hobbit" tomorrow but the daily mail says katherine may not be well enough to go. >> if he skips the hobbit for her, that is true love. i'll be impressed. >> thank you. 17 minutes past the hour. time for early reads, local news making national headlines. we're starting with the charlotte news and observer in north carolina where a federal judge ruled the state cannot issue choose life license plates without offering ones with different view points. he called it viewpoint discrimination and violation of
. >>> mandy drew is at the new york stock exchange. good morning to you, mandy. >> good morning, natalie. lots of headwind from overseas, political shakeup in italy and sharply slowing down chinese export growth, keeping u.s. traders on edge not to mention the vagaries of the fiscal cliff. markets move with progress or lack of progress as the case may be. the congressional budget office says we could be back in recession the first half of next year if a deal is not reached. those are things they're watching. >> mandy drury at the new york stock exchange, thanks. >>> someone sign this kid up. this is christian balkner, giving the tampa bay buccaneers cheerleaders a run for their money. check him out. ♪ >> he is good. they call christian little steer, named after the mascot captain steer. in case you're wondering, yes, he can definitely teach you how to dougie. he is good. >> who are you talking about? oh, there was a little boy there also? >> nice, matt. >> when you said check this out, these guys -- >> in about eight years, that kid will be not be -- >> turning around a lot. >> al roker has
? >> there is a report in the daily news out tonight the new york daily news saying that lanza's mother was trying to get him to go out of the house, to get a job. maybe go to school. but apparently she was having a tough time getting him out of his room. that he would lock himself in and play video games. violent video games for hours at a time according to the new york daily news, shep. >> shepard: rick leventhal in new york tonight. the students who survived the shooting there offering scholarships to students who survived the shooting at sandy hook. uconn announced the plan today. the scholarships will go to sandy hook students who chose to attend the university when they are older. school officials also say they will offer the scholarships to siblings of students who died and children of the adult victims. a spokesman says once the foundation officials get a sense of how much money they are collecting the school will then determine whether it can cover full college costs or just a portion. investigators in mexico have now reportedly linked a gun found near the body of a mexican beauty queen to the f
scissors. exclusive report in the new york postsaid that chief linebacker had dinner and drinkks with another woman friday night and spent the night in her apartment and then returned home and spot shot his girlfriend. this could be about domestic violence. in 2006, he punched his fist through a window because he was upset with the girl. according to the cvc shaping up to be a bad one. this strain is a great match for this year's vaccine. 120 million americans have received flu shots. give her an ambassador job. according to bloomburg news. the editor of vogue may be ambassador to france. the white house had no comment. those are the headlines. that happens all of the time. ambassadorships are favors. 92 but what is her qualification aside from being editor. >> brian: and supporter of mrs. assad. >> gretchen: if you went back in time and look at other ambassador ships >> chris: it could doesn't go to her could go to mr. blackwell. >> brian: finallyy a royall baby bump. kate middleton is meg frant. this morning a scare and why she's in the hospital. >> steve: little boys as well .
the opening bell at the new york stock exchange. expect cautious investors today when wall street kicks off the trading for the week. fiscal cliff talks and a reserve meeting midweek could shift the markets, bri markets,. ringing the opening bell at the exchange, the financial services company blackrock. >>> hugo chavez returns to cuba to undergo another cancer operation. chavez left in the middle of the night just a day after telling his country the cancer was back. in is his fourth surgery since being diagnosed with cancer last year. >>> today former south african president nelson mandela is facing a day of medical tests in the hospital. the 94-year-old has suffered health problems in recent years. the nation's current president says mandela is doing well but offered no details on his condition. mandela is a nobel laureate who fought against racial segregation. >>> former republican presidential candidate newt gingrich isn't sounding too optimistic about his party's chances about winning back the white house in 2016, especially if it stays in its current form. in fact, gingrich thinks it'
-minute shoppers. mara is braving crowds in herald square in new york. good morning. >> reporter: good moshg. the doors opened the at 7:00 a.m., and stores are opening their door early and offering deep discounts and big deals to try and lure the last-minute shoppers and those procrastinators are expected to flood malls like this all over the country. this year christmas is on a tuesday, so shoppers had tli-day weekend to get it done, but it doesn't mean they have. it's estimated that two-thirds of shoppers wait until the last minute, that including 17 million people that continue to shop today on christmas eve. what are some popular items for gifts for christmas eve? gift cards and jewelry are bill sellers for all those last minute shoppers. holiday sales can account for 40% of annual sales, so retailers are really hoping these last minute shoppers help them get over a sluggish few weeks. there was a booming black friday and sales slowed in early december. analysts say the lingering effects of hurricane sandy and concerns over the fiscal cliff have put a damper on things battle in terms of
'm melissa lee live from the new york stock exchange. negative across the board, looks like we're going to lose about 8.5% on the dow. we're watching for headlines out of an ecd press report. our road map this morning starting with apple, cratering on its biggest decline yesterday on four years, closing just pennies off the lows of the session. the stock continues lower premarket as investors watch the death cross watch. >> a cnbc exclusive, tim geithner says over the cliff is a must. >> bank of england and ecb keeps rates unchanged. europe continues to hang in there economically. >> and nat gas gets a boost. the government finds exporting it is better than keeping it here at home. >> apple as we mentioned in the spotlight today, shares of the tech giant coming off their worst day in four years, sliding back into bear market territory. the one day loss erased nearly $35 billion in market cap. that chunk is bigger than 400 other s&p 500 companies. apple ceo tim cook talked to nbc's brian williams in our rock center exclusive. >> why can't you be a made in america company? >> you know, th
. dallaslet same . 60 in new orleans and 66 in tampa. daytime highs, almost 60 in new york city. 62 in cleveland . could be 62 in chicago . 71 in kansas city. s and 80s in texas and in the gulf coast and portions of florida as well. where was i? >> brian: now back to the regularly scheduled program. i will count. cowboys quarterback tony roamo broke the record with touchdown passes. roamo has 166 . dallas won 38-33. 6-6 on the year . keeping the slim playoff hopes alich. eagles lost 8 in a row. rex ryan finally sacking mark sanchez and putting in greg mcelroy. he got them to one touchdown for a win. tim tebow what happened to the luck. there was three interceptions and you got broken ribs. ryan has not made the decision on who will start next week. >> four teams on the way to the playoffs. patriots beat the dolphins . and broncos beat the bucks 31-23 to score the af-c championship. falcons win the south. walking away . texans whoy they tweeted me about beat the titans. they are len-1 on the year. congratulations to them and i am sorry forooking that. coming up on kilmeade and friend
the people in new jersey and new york are not left high and drive. because it's a national issue. when there's an emergency, we just don't all say, everybody on their own. which is often your theory. no, everybody in this country isn't always on their own. we are a national community. and when there's a tragedy, when there's some kind of event in new jersey, new york, we all have a responsibility, accountability. don't use that as a dodge for saying, let's act. the auto industry would have been on its -- just destroyed. >> about 1.5 million jobs, i might add. >> absolutely. and we had accountability there. >> let me get a word in here. i know you want to dominate the conversation -- >> no, i want you to get to the point. >> we now agree there should be additional language in the legislation to have accountability. that is a great point. so far there wasn't that accountability when you voted in the past on a bailout to states in this area. it's good that we moved that point. i look forward to working with you to provide that accountability. >> there was accountability in terms of help for gm
an apartment, it was not that valuable. >> it's not practical for a new york city dweller, for instance. >> when you get houses, you see the mexican properties? i'm saying they're going up there. >> oh, really? >> yeah. if anybody wants one. >> available for weekend rental. >> semiautomatic weapon included. >> somebody stole it from me, he thought i was going to stop there, and let hem get away with it, and that's not really my style. >> would you kidnap jim cramer, david? i'm not sure. >> no. >> it would end there. >> it never ends. >> if the guy had done nothing, i would have said fib. but i found him -- no one has seen "taken 2." >> how could you not? what a great franchise. >> i know. >> she's been taken. >> really bad luck. >> when we come back, apple tv, microsoft surface tablets, we'll bring you the latest development regarding both of those. more from the deal book conference in manhattan, including an exclusive with lloyd feinstein. 11:00 a.m. eastern time. hanging on to gains. at the nyse, when we return. can i help you? i heard you guys can ship ground for less than the ups s
, and for a 30-day free trial, go to axiron.com. >> shepard: big break here in new york city where police say they've found the car that a killer used to make his escape after shooting a man in the head. that shooting happened broad daylight monday afternoon right near central park in carnegie hall. police say surveillance video shows the gunman getting out of his car to wait for his target, a man named brandon wood d has rd. he was visiting from los angeles and minutes later, the killer walked right up to the man on the right here, and put a bullet in his head. police say they don't yet know the motive for this murder. while they located the get away car across the river in queens, the killer is still on the loose. >>> most americans say our leaders will keep us from falling off the fiscal cliff 20 days from now. that's according to a news pal. 51% say president obama and congress will cut a deal to prevent automatic tax hikes and spending cuts. john boehner says he still has serious differences with the president after they exchanged new counteroffers apparently and talked on the phone last
rafferty. now, back to "the fox files." >>> we are here in grand central terminal in new york city. every day, 700,000 people pass through here which means that superdogs like holland have a very important job to do especially in a post 9/11 world. here is what it takes to become a four legged hero he. ♪ ♪ >> before they could do this, they all start out like this. fox files cameras got a first-hand look at the department of defense military working dog program at lackland air force base where puppies learn to become warriors. spread across nearly 9,000-acres in san antonio, texas, the base is home to the 341st training squadron. >> the purpose is to procure, train and produce handlers and dogs. >> casey stevens is chief of the dog training school at lackland. >> i love to see them evolve from knowing nothing to being able to do everything that they do overseas and in law enforcement. we say zero to hero in 120 days. >> the wags arrive for training. >> the four legged heros have a long and storied his tore arery of serving on the battlefield. during world war ii the military officiall
, and joining me today, jonathan chait, joy reid, new york times political reporter nicolas and catherine crier. christmas break is already over for president obama. he's flying back to washington tonight and aides say he's ready for a deal. it's not clear whether this trip is a sign of compromises to come or another display of theater showing the president is willing to work even as his opponents skip town. meanwhile, though, americans are growing skeptical. in the last week alone, gallup found a 15-point drop in the number of americans who think congress will negotiate a deal on the fiscal cliff. that's not all, holiday spending also hit its lowest rate since the 2008 recession, which retailers are blaming on the uncertainty in washington. so where do we go from here? well, since the house failed to get a vote on the tax package last week, all eyes are on the senate. a temporary deal that would basically extend all the tax cuts for those making under a quarter million. the deal would also rescue long-term unemployment benefits and instead of addressing those automatic spending cuts we've all
'm maria bartiromo at the new york stock exchange. scott, good to see you. here with scott wapner. the market near the lows on the day on fears that a deal to avoid the fiscal cliff may actually be a lot further away than we thought. >> more sparring today. deal, i don't know. if you listen to what they are saying today, scott wapner in for bill griffith. the president calling for compromise in a news conference today, but here on wall street there is a bit less optimism for the deal than we've felt in recent days. see where we sit right now. the dow is down 56 points. nasdaq and s&p under some pressure as well right now as we -- there you go. nasdaq is down six and the s&p, maria, selling off as well. >> mr. jobs, more jabs being exchanged on capitol hill today. what was supposed to be a presidential press conference on gun control quickly transformed into a discussion about the fiscal cliff. with the majority of questions focusing on the issue. washington correspondent john harwood at the white house right now. john, perhaps no one has followed the twists and turns as much as yo
] glucerna hunger smart. a smart way to help manage hunger and diabetes. >>> imagine going from new york to key west in just eight hours in the lounging comfort of that big sleek train. you could do it, if you lived in china. once again, america's proof we are falling behind in infrastructure. thanks for watching "street signs." i'll send it to "closing bell." >> and hello again, everybody. welcome to the "closing bell." i'm mandy drury sitting in for maria bartiromo. happy boxing day as well. >> christmas is over but mandy has been celebrating boxing day all day. we didn't get any presents from lawmakers in washington yet. we're still five days away from falling off the proverbial fiscal cliff and wall street, like everybody else, is waiting for some kind of a solution here, and as you can see by today's numbers the waiting game continues, although we thank brian sullivan and you, mandy, for bringing us back to positive territory in the last hour. >> i'm not sure we can take credit but we'll take it. >> the dow is up a fraction at the moment. 13,139 after a meandering much of the day. t
it or not >> gretchen: here is the headlines. a massive chain crash. it happened in new york. it happened iniac-- yack hank. the driver lost control and setting off the chain reaction . the truck was carrying debris from super storm sandy. >> it was like a move yechain reaction and so fast. no one could react to it. >> brian: 40 vehicles were involved and the wreck stretched the length of a football field and all lanes are reopened this morning. midwest getting pummeled with a massive snow storm. some states are under blizzard warnings it is expected to dump a foot of the snow in the next 48 hours. in nebraska. roads are shut down because of the snow and strong wins are making visibility difficult. roads are closed in washington state after collisions and spin outs . there is word that one person is hurt. younger brother of madoff will be sentenced for helping pull off the biggest ponzi scheme in prison. he will be spending 10 years behind bars. one victim said she is unhappy that the sentence was postpone anothered the judge to remain free to attend a bar mitzvah. she brought the miss universe crown
never failed to get their money. but they're trying to put in a -- according to "the new york times," at least, a deposit guarantee system as well for the banking system. >> sounds like all systems go there. >> we'll see if this continues next week. meantime, we'll talk apple debuting the iphone 5 in china today. the iphone news isn't preventing apple shares from falling in the market. cutting the price target to $700 from $780. he does maintain a buy rating and said apple needs to expand more geographically. it's not dead, it's not -- but it needs to find ways to innovate its products. we sort of saw this coming. steve had a caution note on apple a few weeks ago which stalled the stocks. not entirely a surprise. he is obviously a well respected analyst on the street. >> when you have a price target that is well above the stock, there's tremendous pressure for you to cut the price target. like there was tremendous pressure to raise the price target. i want to warn people, there are people who have much higher price targets. the analysts will probably join the fray. not sit in the bu
pills. >> brian: headlines coming your way. former new york city mayor koch in the hospital. he is treated for a respiratory infection. second time he was hospitalized in the last three months. house votes on restoring lifetime protection for former president. they limit it to 10 years. the push because of national security concerns and former presidents taking on more active roles. gretchen? >> gretchen: thank you, brian. they were some of the most popular presidents in u.s. history and all elected to a second term. but it couldn't save them from the dreaded second term curse. it dated back to 1936 when president roosevelt won 46 out of 48 states. he used those results in an attempt to shake up the supreme court and that tarnished his reputation. fast forward to 1984. president reagan's economic recovery turned 49 of the 50 states red. the inran contraservice surface americans didn't like being kept in the dark . then the scandal impossible to forget. >> i want you to listen to me. i will say it again. i did not have sexual relations with that woman: >> gretchen: nick is a pres
with the same sort of problem in new york city . listen to how he handled it >> i was given a report that said you have to raise taxes and said nothing about reducing spending. i was not an economic expert. i became one after becoming mayor in new york. i said it makes no sense. if i raises tax now. i will have to do it in two or four years. i will try to do something different. lower taxings. i in the beginning but a little bit and two or three years lower taxings. we had a three billion surplus and unemployment dropped from 10.5 to six percent . the city was humming. bowles is rightt, this is a spending problem. >> steve: absolutely. the thing is if washington simply when we send our taxings. if they sent it wisely it would be one thing. but you hear about so much waste and stuff going by the side . they want more taxes. you think they will those efficiently? of course not. >> gretchen: you want to know the newest powerball winner. why his financial advisors are telling him to take the money and ruin now before the fiscal cliff. >> brian: millions of dollars in a green company only to sell i
and brian road y were arrested after a small explosion. nobody was hurt. >>> new york city police searching for a man who allegedly pushed another man to his death in front of a subway train. the two apparently had some sort of argument on the platform prior to this fatal assault >>> two men from mexico have been charged in the death of a u.s. coast guard member. both appeared in court yesterday. the chief petty officer suffered a traumatic head injury when his boat was rammed off the southern. >> caller: cal coast. it all happened on sunday. he was pronounced dead on shore. >>> still no sign of an 11-year-old leukemia patient who was removed from a phoenix hospital last week by her mother. police have located emily's father. he denies involvement in the case. doctors say the young girl could die within days. she has been receiving chemotherapy for about a month and has a catheter in her heart that could become infected. >>> the head of the cdc warns that all signs are pointing to a bad flu season this year. so cdc director dr. thomas freiden is advising all americans over the age of six mo
-old jack pinto. a little boy who loved sports, idolized the new york giants' victor cruz, who remembered pinto sunday. his father called the loss unimaginable, and said most of all, jack loved to play with his friends and keep up with his big brother. many of those friends attended the service. much too young to say goodbye. >> they were being comforted, and yet protected. a message of you're being secure now, because the worst is over. >> reporter: not far away, mourners remembered 6-year-old noah pozner, the little boy with a perpetual smile, described as a smart, funny child, who loved to eat tacos and loved animals. pozner's mother spoke at the service, calling noah her little man. noah's twin sister ariel survived the shooting in another classroom. near sandy hook elementary, messages of hope surround the ever growing memorial to the victims. as the town tries to cope, investigators are searching for answers. on monday, atf agents verified that nancy lanza and her son had visited local shooting ranges to practice firing weapons, though they hadn't done so in recent months. police sa
and taxpayers alike. sue herrera down on the floor of the new york exchange. sue. >> it's 12 days to go until america goes off that fiscal cliff. both sides, as you just mentioned, are still sniping at each other. that's one of the reasons why the dow is down slightly. president obama said he would veto the house republican plan b tax proposal designed to avert january 1st tax hikes. the house speaker, mr. boehner, responded by saying that that was irrational and bizarre. john harwood is at the white house to sort out all the latest. yesterday, john, they thought they were getting real close to a deal. it certainly doesn't sound that way today. >> sue, it does appear that they've hit a deadlock in negotiations. you saw the president in a fascinating news conference that he just had in the white house briefing room try to leverage the emotional power of the tragedy in newtown, connecticut, to try to put the pressure on republicans. he talked about them taking off their partisan war paint. he said he'd more than met them halfway in terms of spending cuts that he's offered, coming up in the inco
. here's quick headlines for you. three new york city police officers who responded during the september 11th terror attacks will get enhanced benefits after they were originally declined to them. the top courts ruled in their favor. state lawmakers wanted the officers to prove their cancers specifically resulted from the rescue and cleanup after 9-11. more justice coming in the madoff ponzi scheme. bernie madoff's brother peter deserves to spend the next ten-years in prison for his role in the 2$20 billion fraud case. he will be sentenced next week. >>> it is now time for your fox health fix. anna kooiman is here for the roundup of the top medical stories. what you have tofor us? >> everybody knows smoking is bad for you, right? even light smoking can double the risk of sudden death for women. researchers from the researches health study found women who spoke one cigarette per day have a hire risk for deadly heart condition for women. however women who quit did reduce their risk significantly. can determining how long you live be as simple as sitting down? a study for journal of cardiov
, a sign of a new era for banks? >> walmart is once again the target of a "new york times" investigation. but does the paper add anything new and can the stock outperform just as it did last time. >> private equity firm server said it will sell the firearms conglomerate. is private equity talking about guns in the country. >> futures moving higher on optimism. the white house republicans rising above partisanship, getting closer to striking a deal on the fiscal cliff. we have the latest on not just the breakdown of this offer, but by the response of some key senators this morning. good morning. >> yeah, that's right, carl. we saw the offer come in late last night and now we're seeing reaction early this morning. let me walk you through first of all of what the president laid down on the table yesterday, starting with taxes. the president is proposing now $1.2 trillion in new revenue increases, tax increases on individual income. that's lower than his initial offer after the election of 1.6 and revised of 1.4. so he's coming down on that. now he would like to extend the bush tax cuts for
monday morning. welcome to "squawk on the street." we are live from the new york stock exchange. let's take a look at the u.s. futures set up for the open first of the week. dow looking at about 50 points right after the open. as for the action in europe, taking its cues from the united states. we'll see a big rally in china extending one of its biggest rallies in three years. we have a mixed bag in europe with italy up by about .2 of 1%. >> we'll do our best to keep focused on the business day. we'll be following the tragic shooting in connecticut, of course. the new york stock exchange will hold a moment of silence to honor the victims in the next few moments, and we'll be looking at the president's call for meaningful action and the politics of gun control. >> let's get to a road map for this morning. it starts with apple. under pressure once again. even dipping below $500 a share at some point this morning. shares will remain range bound near term. iphone 5 sales and cannibalization among the region. >> other concessions from the gop, the speaker proposing tax hikes for millionai
aid worker killed in a fail rescue attempt, an afghan journalist who was working with "the new york times" also killed in a failed attempt. these are risky missions sometimes. in this case the doctor was rescued and ehe'll come home wih his family. unfortunately a navy s.e.a.l. was killed. >> they're real heroes. thank you, chris. appreciate it. >>> venezuela's president is doing his business to reassure the country he's going to be okay. ♪ >> hugo chavez is back in cuba for surgery. his absence is is raising questions about who actually is going to run venezuela while he's gone. but you're progressive, and they're them. yes. but they're here. yes. are you...? there? yes. no. are you them? i'm me. but those rates are for... them. so them are here. yes! you want to run through it again? no, i'm good. you got it? yes. rates for us and them -- now that's progressive. call or click today. social security are just numbers thinkin a budget.d... well, we worked hard for those benefits. we earned them. and if washington tries to cram decisions about the future... of these programs
. in this hour he will reveal number three. my partner sue herera on the floor of the new york stock exchange. hi, sue. >> hi, ty. it's a strong day with a triple digit advance. we have 13 days until america goes off the fiscal cliff. events moving faster in washington. house speaking boehner meeting with party members, moving to plan b. that deals with bush era tax cuts. the white house rejected that. investors like whatever progress we're seeing. s&p 500 at a two-month high. s&p up 1 1/3 -- 1.1 on s&p, dow jones industrial average up 114 points, almost a full% enand nasdaq up 1 1/3. the latest on how those negotiations are progressing. >> over the last 24 hours or so we've had a flurry of proposals, counter proposals, responses, responses to responses. as it lies right now, basically all those responses have been rejected by the other side. at the top of 2:00, we should have a new round because we're going to expect to hear from the senate democratic and republican leaders coming out and talking to cameras. we might get more reaction then. but earlier today speaker boehner came out and unveiled
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